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Thu, Sep 8 2011 Yahoo CEO Bartz fired over the phone, rocky run ends Wed, Sep 7 2011 CCB shares up after BofA cuts stake; Temasek buy Tue, Aug 30 2011 Analysis & Opinion Blackstone looks to advise startups M & A wrap: Stepping into China Related Topics Technology » Media » Chairman and chief executive of Alibaba Group Jack Ma speaks at a news conference in Beijing, January 19, 2011. Credit: Reuters/Jason Lee Thu Sep 22, 2011 10:27am EDT (Reuters) - Giant Interactive Group Inc said it will invest $50 million in China's e-commerce company Alibaba Group through an investment in Yunfeng e-Commerce Funds. Yunfeng e-Commerce Funds was established by Yunfeng Capital, a China-based private equity firm co-founded by Alibaba CEO Jack Ma. The share purchase is expected to close before the end of the year, Giant Interactive said in a statement. Separately, tech blog AllThingsD reported that private equity firm Silver Lake and Russian technology investment firm DST Global, along with Yunfeng, are leading a $1.6 billion tender offer for privately held employee and shareholder stock of Alibaba Group. Singapore-based investment firm Temasek is also participating in a smaller way, the blog said. DST and Silver Lake are ceding voting control of their stakes to Alibaba management to sidestep foreign ownership issues in China, AllThingsD said quoting unnamed sources. If the tender is fully subscribed that would mean a stake of just under 5 percent for the group, and it gives Alibaba a $32 billion enterprise valuation, the blog said. Yahoo Inc, which holds a 39 percent stake in Alibaba.com, is not selling shares in the tender offer, the blog reported. This transaction would value Yahoo's stake at about $12.5 billion. (Reporting by Rachana Khanzode in Bangalore; Editing by Supriya Kurane) Technology Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) 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